Watch live as Biden discusses the job report in March as unemployment falls
President Joe Biden makes remarks this morning in which he pays tribute to yet another successful job report that looks at employment back to pre-pandemic levels and unemployment is falling to a level not seen since 1969.
While inflation remains a major concern for Americans, Mr Biden has also ordered the release of up to 1 million barrels of oil a day from the strategic oil reserve over the next six months in an attempt to control prices that have risen since the United States and its allies. imposed severe sanctions on Russia after it began its war against Ukraine.
In response to questions from reporters on Thursday, Mr Biden said Russian President Vladimir Putin “appears to be self-isolated and there is some evidence that he has fired or put under house arrest some of his advisers” .
Meanwhile, new reports say White House Press Secretary Jen Psaki will leave her post this spring to take a job at MSNBC. It had long been speculated that Mrs Psaki would leave the administration soon after more than a year in the role.
See: Bite on deficits created under “my predecessor”
Joe Biden used his speech on the job report and his proposed budget to proclaim that he is getting the deficit “under control” – this after the Trump administration’s “ruthless policies and poor management”.
Andrew NaughtieApril 1, 2022 16:35
Biden promotes financial news on Facebook
Here you can see how the White House overrides today’s job report as the numbers sink in.
Andrew NaughtieApril 1, 2022 16:16
Biden: Billionaire tax will help reduce deficit by more than $ 1 billion over the next decade
Joe Biden now explains that no one can accuse his proposed billionaire tax of being unfair, not least as it will help raise revenue to help support everyday families.
“We need to make sure companies and the super-rich pay their fair share. Right now, billionaires pay on average only eight percent of their total income. A family run by a firefighter and a teacher can pay double. So my budget has a minimum tax of 20 percent that applies only to the top hundred percent of one percent of U.S. households.
“A billionaire’s tax is fair,” he insists.
Andrew NaughtieApril 1, 2022 16:05
Biden celebrates the impact of Covid recovery legislation
Joe Biden is making an effort to link the good news about jobs with legislation passed during his presidency and is trumpeting the “more than 4,000 new programs” that are now underway as a result of various pieces of legislation – laws that he accepts that Most Americans do not want to have time to know about in detail.
“People are making more money,” he says, dismissing what some have called the “big layoff” as the “long-awaited” sign that the economy is allowing people to find better – and better paid – jobs after years of underpaid and overworked.
Andrew NaughtieApril 1, 2022 at 16.00
Biden is now talking about a job report
Joe Biden begins his speech today by proclaiming that his first year in office has experienced the fastest decline in unemployment than during any other president’s first year.
“Our economy has gone from being improving to being on the move,” he says.
Andrew NaughtieApril 1, 2022 3:58 PM
The United States secures the release of a reservist held by the Taliban
Safi Rauf, a 27-year-old naval reservist who has been detained by the Taliban since December, has been released after months of negotiations. As reported by CNN, he and his brothers co-founded a group working to evacuate people seeking to flee Afghanistan after Kabul’s fall last year.
Bevan Hurley has the story.
Andrew NaughtieApril 1, 2022 3:53 PM
Where is Jen Psaki going?
White House Press Secretary Jen Psaki, one of the Biden administration’s most visible public figures, is known for planning to move on from his job in the near future – and now, Axios reports that she is set to leave the administration for a job at MSNBC.
Sara Fischer also reports that Mrs. Psaki will not replace the network’s progressive host Rachel Maddow.
The question of who should replace Mrs Psaki herself in her role at the podium in the White House briefing room has been circulating for some time, and based on her performance, while Mrs Psaki has isolated herself with Covid-19, the most likely candidate seems to be current communications director, Kate Bedingfield. Here is a profile.
Andrew NaughtieApril 1, 2022 3:32 PM
Labor market statistics approach pre-pandemic levels as unemployment falls again
U.S. unemployment fell two-tenths of a percentage point over the past month to 3.6 percent, the lowest since the beginning of the Covid-19 pandemic.
According to the Bureau of Labor Statistics, “total non-farm payroll” increased by 431,000 from March 1 to March 31, with “remarkable” gains across “leisure and hospitality, professional and business services, retail and manufacturing.”
Andrew Feinberg has the latest from Washington, DC, ahead of President Biden’s remarks this morning highlighting the encouraging economic news.
Oliver O’ConnellApril 1, 2022 3:08 PM
What the job numbers mean
Political analyst Junita Tolliver has drawn a sharp line from the superficially encouraging report on new jobs: While the overall employment rate remains healthy, there are still large gaps between the employment rates of different racial groups.
Meanwhile, others have been plotting where the latest series of figures place the United States as it plans a path back to a pre-pandemic level of economic health.
Andrew NaughtieApril 1, 2022 2:50 p.m.
ICYMI: Biden announces gender-neutral changes in the travel bureaucracy
The Human Rights Campaign, a large LGBT + lobby group, has praised the Biden administration for new measures, including a new gender X marker on US passport applications on Thursday, as well as gender-neutral airport scanners, in addition to other measures aimed at making it federal government more inclusive for transgender people.
Declaring that the people they are campaigning for have “an ally in the White House,” HRC Interim President Joni Madison said, “News of the Biden-Harris administration’s commitment to political reforms that will improve the lives of transgender people and non-binary people in this country are a wonderful way to kick off this year’s International Transgender Visibility Day. “
Andrew NaughtieApril 1, 2022 14:20